Phuc Thinh reports profit turnaround in mid-2025 on debt provision adjustment

Phuc Thinh Design Construction Trading Corporation (PTD) has disclosed its semi-annual financial statements for 2025, revealing a significant turnaround from a loss of VND 5,109,320,280 in the previous year to a profit of VND 137,937,332. This improvement is primarily attributed to a substantial decrease in the provision for doubtful debts related to the Khai Hoan International project, which dropped from VND 11,738,374,632 in 2024 to VND 2,762,229,985 in 2025. The company explicitly states that this adjustment was the main reason for the material change in business results.

The consolidated interim financial statements reflect a total asset value of VND 289,344,527,793 at June 30, 2025. Consolidated net revenue from sales and services reached VND 85,225,559,564 for the six-month period. The company also confirmed that its subsidiary, Phuc Thinh (Cambodia) Corporation, officially registered cessation of operations in November 2021, though a decision from local tax authorities is still pending.

The board of management, led by general director Mr. Tran Minh Truc, has approved these financial statements and certified that the information is accurate and reliable.